Banks

HDFC Bank Parivartan has signed a Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc) under which the former has pledged Rs 107.76 crore to support three wings of the latter's Bagchi-Parthasarathy Hospital, an official release from IISc stated on Tuesday.

The Kerala High Court on Tuesday directed the scam-tainted coop bank to stop all payments barring the emergency ones and asked the Pinarayi Vijayan government to prepare a roadmap aimed at paying back the depositors.

RBI Governor Das says banks must equip themselves for the future

Consequent interest rate hikes in May and June have impacted net interest income of the housing financier in June quarter. Despite the challenging en...

Banks are the most important component of the country’s economy. Banks coordinate the financial activity of a nation linking the government and the p...

The Reserve Bank of India (RBI) classifies a deposit as unclaimed when a customer doesn't make any transaction in the account for 10 years or more. T...

If banks raise interest rates on fixed deposits to 7.5-8%, there could be a flight to these products from mutual funds, Motilal Oswal Financial Services said in a report. In a report on mutual funds, it noted that equity flows are muted while the debt outlook is positive. Over the past couple of months, a few major trends have emerged, including absence of NFOs, because of the regulations, decline in AUM, sustained high outflows from the debt segment and decline in new SIP account openings, the report said.

Finance and financial planning is important in everyone’s life. When it comes to managing finances, banks plan an important role in our personal and professional lives. We depend on banks for several important functions like maintaining accounts, loans, deposits, safety lockers, money transfers and several others.

FD interest rates have been hiked by most of the banks, including SBI, ICICI Bank, HDFC Bank and others. This is the second FD interest rate hike, after the RBI increased interest rates twice in the last one month. Check out the latest FD interest rates in India in 2022.

Germany's central bank recommended linking the retirement age to life expectancy in order to stabilise the country's statuto...

The rate revision by the lender comes a day after the Reserve Bank of India raised the key lending rates or repo rate by 50 basis points to tame high inflation, which essentially meant the cost of borrowings were going to rise. Repo rate is the rate at which the central bank RBI lends short-term funds to banks.

Seasoned banker Alok Kumar Choudhary was appointed as the managing director of India’s largest public lending institution State Bank of India on June 07, 2022. He was the Deputy MD (DMD) of finance at the bank. Choudhary will be now responsible for spearheading retail business and operations at SBI for two years.

Micro ATMs were the fastest growing payment infrastructure in FY22, according to a report by ICICI Securities. MicroATMs are...

The central bank Reserve Bank of India (RBI) cleared the air by saying that it has no proposal to bring about...

Kotak Mahindra Bank today unveiled a new superapp for investments called Kotak Cherry. The new service will allow users to manage their investments across different instruments like equity, bonds, mutual funds and even pension schemes. Kotak says that eventually, other financial products like insurance, investment advisory service and more will be added to the platform. Kotak Mahindra Bank, one of India’s leading banks, today launched a new product called Kotak Cherry.

Jay Kotak, the son of Asia’s richest banker Uday Kotak and the VP of Kotak Mahindra Bank, was formally introduced to investo...

The fiscal year 2022 witnessed the public debut of 52 companies — some good, some bad and some that failed to leave a mark on the stock market ever since their listing. Amidst this influx of IPOs, it’s the investment banks who have emerged as the winners.

When you think of credit cards, the first few names that pop up in your mind are most likely HDFC Bank, State Bank of India, Citi, Axis Bank, ICICI Bank and perhaps even Kotak Mahindra Bank. However, what defines a credit card company’s quality of cardholders? And which company has the most valuable cardholders? We find out.

Credit cards are no longer in their infancy in India, according to a new report by India’s central bank, the Reserve Bank of...

The Reserve Bank on Wednesday announced a hike in cash reserve ratio (CRR) by 50 basis points to 4.5 per cent, effective May 21, which will take out Rs 87,000 crore liquidity from the system.

We depend on banks for several reasons. Banks are in fact an integral part of our personal, social, and professional lives. Banks make it very convenient to handle finances, save and grow money, safe keeping, borrow loans, and do financial transactions with individuals, organisations and enterprises.

Yes Bank filed an application before the National Company Law Tribunal to initiate a corporate insolvency resolution process...